Commonwealth Bank

Status:Inactive as of 01/17/2003
 Absorption - Without Assistance
Successor Bank:Citizens Bank of Pennsylvania
Headquarters:Commonwealth Bank
2 West Lafayette Street
Norristown, PA 19401
Established:01/01/1923
FDIC Insurance:08/09/1989
FDIC Cert:#30024
Charter Class:
Total Assets:$1,845,545,000
Total Deposits:$1,530,635,000

History

1923-01-01Institution established: Original name:Commonwealth Federal Savings and Loan Association
1981-01-31Acquired Chester County Federal Savings and Loan Association (30793) in WEST CHESTER, PA
1982-06-30Acquired First Family Federal Savings and Loan Association (28133) in LANSDALE, PA
1983-04-30Acquired Freedom Valley Federal Savings and Loan Association (29106) in CONSHOHOCKEN, PA
1989-09-06Moved bank headquarters from NORRISTOWN, PA to VALLEY FORGE, PA
1990-03-01Changed name to Commonwealth Federal Savings Bank
1990-03-01Changed organization type to MUTUAL SAVINGS BANK
1994-01-21Changed organization type to STOCK SAVINGS BANK
1994-07-01Changed name to Commonwealth Savings Bank
1994-07-01Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1995-12-15Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to OFFICE OF THRIFT SUPERVISION
1996-11-01Changed name to Commonwealth Bank
2000-01-19Moved bank headquarters from VALLEY FORGE, PA to NORRISTOWN, PA
2001-01-30Changed institution class to FDIC SUPERVISED SAVINGS BANK
2001-01-30Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2002-06-05Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2003-01-17Merged into and subsequently operated as part of Citizens Bank of Pennsylvania (57282) in PHILADELPHIA, PA
2004-01-05Acquired Roxborough-Manayunk Bank (28342) in PHILADELPHIA, PA
2010-05-01Moved bank headquarters from NORRISTOWN, PA to PHILADELPHIA, PA
2019-01-02Merged into and subsequently operated as part of Citizens Bank, National Association (57957) in PROVIDENCE, RI

Financial Information (2002-12-31 and Older)